The buying pressure is very strong. Although the lows keep moving down, it always manages to bounce back. In a bullish market environment, fluctuations are very normal, and it will soon rise again. Those who short during the main bullish wave end up losing money and missing out. The more bears there are, the higher it goes. There’s no pressure for the coin issuers to break through previous highs; they can pull it up however they want!
Today, I want to share some key points:
1: On December 4th, the net inflow of Bitcoin in the U.S. was $676 million, with four consecutive days of single-day net inflows. Ethereum had a net inflow of $132.6 million, marking seven consecutive days of net inflow, indicating a clear bullish trend.
2: Four institutions have applied for a Solana ETF, which will face its first SEC review on January 25, 2025. The hype around Solana is expected to continue, so keep an eye on the related ecosystem.
3: A giant whale purchased 11,257.7 ETH at an average price of $3,560 and has already sold at $3,649, making a profit of $1 million 💲. The whale is bottom fishing during the bullish market, currently with 15 gains and 4 losses.
4: Tonight, data such as ADP and PMI will be released, so it’s time to scoop up the goods.
5: BTC can't go down; it quickly rebounds on dips. The buying power is strong, and even if it goes down, it will again push up to the previous high of $99,640. This can be referenced with Ripple's trading; support levels are $95,500, $94,170, and defense at $93,600.
6: For Ethereum, the bullish trend continues. You can watch these two levels to go long: one is around $3,621, and the other is around $3,575, with defense at $3,538.
7: Friends who have maximized profits in recent years have all entered the market in October and held on without trading in the spot market for six months, seeing gains of 3-4 times.
8: The Trump administration opened IPO listing channels for cryptocurrency companies, and Binance US is expected to be included.
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Binance is preparing to bring in strategic investors, with either the Abu Dhabi or Dubai government joining, leading to a surge in BNB.